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fundamentally to the issue of taxes, at least for mitt romney. the romney memo says that mitt romney will not raise taxes on anyone and that he will deliver tax cuts for the middle class. sounds pretty good, but the brookings tax policy center took a look at this issue, and here is what they found. under mitt romney 95% of americans making under $200,000 would have a tax increase averaging $2,000 while the wealthiest americans would see tax cuts of up to $86,000 per year. and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax rates does that cost $5 trillion -- >> no. >> you haven't given me the math. >> oh, it would take me too long to go throug
for the employed, tax cuts for the middle class. saving homes cross my heart and hope to die. i, mitt romney, believe in all of these things. but i do not like the way the present administration is doing them. so just turn them over to me and i will do all of them. i will do more of them. i will do them better and the doing of them will not cost anybody anything. now, mitt romney would surely win the golden pinocchio. suffice it to say he told so many whoppers, too many to recount here. we're going to air our top mitt debate lies throughout tonight's show. let's start with the biggy. taxes. >> romney: first of all, i don't have a $5 trillion tax cut. my view is we ought to provide tax relief to people in the middle class. my number one principle is there will be no tax cut that adds to the deficit. >> jennifer: the tax cuts. remember how he said he would lower the rates on everybody by 20%? that's on his web site, part of his tax plan? that lowering of the rates costs $5 trillion. now, he says he wants to make the tax cut
automatic tax increases and mandatory severe budget cuts know as sequestration go into effect and if that happens many economists are predicting that we could head into another recession. for advice on how the president and congress can avoid going over the fiscal cliff and hopefully can all just get along, for that we turn to washington and norm ornstein. norm is a resident scholar and coauthor of "it's even worse than it looks." welcome back inside "the war room," norm. >> it's always great to be with you, jennifer. go tigers. >> i love having you on. it's so great. so without scaring people tell us what happens come january 1st if no budget deal is reached. >> we get a perfect storm. people often think about the sequesters which is cuts in spending that congress basically hatch together to -- in the aftermath of the debt-limit crisis -- >> jennifer: to prevent this very thing from happening. >> yes, but as we approach the vice presidential debate paul ryan viewed it as a great triumph. but the fiscal cliff is more than that, it is the expiration of
-- how they can justify raising taxes on the middle class has been buried the last four years, how in lord's name can they justify raising their taxes? >> jennifer: so biden of course supposed to help with white middle class voters. his comments about the middle class being buried were -- he was talking about romney's plans to raise taxes on the middle class. but the right and their surrogates are out having press conferences about this right now, probably as we speak. is that kind of going to hurt? >> actually, i think if you ask the voters, i think joe biden proved what's great about joe biden. he gets it. he's in touch. you know what? 80% of the voters agree. this economy has been bad. people have been buried. that's why they want to elect a president and a vice president who get it. who are in touch and will have policies that help the middle class, not millionaires. so i agree with the vice president. i think 88% of the voters would agree, too. >> jennifer: i just love joe biden. he's just -- he's just
the truth about the tax plan. even the obama campaign admitted it wasn't true. >> jennifer: actually i'm going to ask this one of karl, because the romney campaign isn't telling anybody whether the ad is running. >> i think it's disenginous and ironic that they would release an ad calls lying, and not tell anybody where it is returning. if you want to give 20% tax cuts to every american that is $5 trillion. what is difficult is to get really detailed on romney's plans when they are not laid out specifically. so what you find from the fact checkers is that they are not being completely accurate but they always put in there the disclaimer, but it's difficult because we don't know what romney has said. the president should continue to hammer it home, and he needed to do a better job by articulating where he came up with the $5 trillion mark. >> jennifer: i agree. he needs to be specific about what he could do. and michelle, the super pac supporting the president, they have a new ad going after how mitt romney is going to pay for the tax cuts for the wealthy. >> take
really? >>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! obama has a dream. that the cities colonialism be set right, and america be downsized. >> it has been a long time coming, but tonight because of what we did on this day, on this election, at this defining moment change has become to america. >> jennifer: well that's a clip from "2018: obama's america." it's actually produced by dinesh d'souza. it's a documentary that examines president obama's early years for his alleged anti-capitalist beliefs. it has already earned nearly $33 million, which makes it the second-highest grossing documentary in history, behind michael moore's fahrenheit 9/11. a new tv movie is set to air on the national geographic channel just two days before the election. coming to us tonight from los angeles to discuss is alonso duralde. alonzo is author and film critic
's not showing his tax returns. do you think that those kinds of issues are going to come up in a town hall debate? >> it's hard to know, you know. town hall debates are really quirky. it is a little hard to know what's going to come out of the mouths of the participants and of course, we haven't actually seen the rules yet. the way they did it last time was the town hall people had to get there in the afternoon a couple of hours early. they wrote out their questions and the moderator picked the questions from what had been submitted. i'm not sure that's the way they're doing it this year but it's a tougher one for the candidates to gain because you can't predict the subject matter. >> jennifer: all right. well that's alan schroeder author of presidential debates 50 years of high-risk tv. thanks so much for joining us inside "the war room." coming up, our next big debate lie is so outrageous, it actually makes my eyes twitch when i hear it. so i apologize for that beforehand. you're watching "the war room" on current tv
Search Results 0 to 6 of about 7

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